Question: Evaluate the evolution from magnetic strip cards to smart cards in payments from the point of view of the user, the merchant, the bank, the

Evaluate the evolution from magnetic strip cards to smart cards in payments from the point of view of the user, the merchant, the bank, the card manufacturer the chip manufacturer and the card manufacturer.

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User perspective Increased security Smart cards offer enhanced security compared to magnetic stripe cards due to their embedded microchips which gener... View full answer

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